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Integrated Asset Modelling
Integrated asset modelling (IAM) is the generic term used in the oil industry for computer modelling of both the subsurface and the surface elements of a field development. Historically the reservoir has always been modelled separately from the surface network and the facilities. In order to capture the interaction between those two or more standalone models, several time-consuming iterations were required. For example, a change in the water breakthrough leads to a change in the deliverability of the surface network which in turn leads to a production acceleration or deceleration in the reservoir. In order to go through this lengthy process more quickly, the industry has slowly been adopting a more integrated approach which captures the constraints imposed by the infrastructure on the network immediately. Basis As the aim of an IAM is to provide a production forecast which honours both the physical realities of the reservoir and the infrastructure it needs to contain the follow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Industry
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the wor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reservoir Simulation
Reservoir simulation is an area of reservoir engineering in which computer models are used to predict the flow of fluids (typically, oil, water, and gas) through porous media. The creation of models of oil fields and the implementation of calculations of field development on their basis is one of the main areas of activity of engineers and oil researchers. On the basis of geological and physical information about the properties of an oil, gas or gas condensate field, consideration of the capabilities of the systems and technologies for its development create quantitative ideas about the development of the field as a whole. A system of interrelated quantitative ideas about the development of a field is a model of its development, which consists of a reservoir model and a model of a field development process. Layer models and processes for extracting oil and gas from them are always clothed in a mathematical form, i.e. characterized by certain mathematical relationships. The mai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Artificial Lift
Artificial lift refers to the use of artificial means to increase the flow of liquids, such as crude oil or water, from a production well. Generally this is achieved by the use of a mechanical device inside the well (known as pump or velocity string) or by decreasing the weight of the hydrostatic column by injecting gas into the liquid some distance down the well. A newer method called Continuous Belt Transportation (CBT) uses an oil absorbing belt to extract from marginal and idle wells. Artificial lift is needed in wells when there is insufficient pressure in the reservoir to lift the produced fluids to the surface, but often used in naturally flowing wells (which do not technically need it) to increase the flow rate above what would flow naturally. The produced fluid can be oil, water or a mix of oil and water, typically mixed with some amount of gas. Usage Any liquid-producing reservoir will have a 'reservoir pressure': some level of energy or potential that will force fluid (l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Reservoir
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence of high heat and pressure in the Earth's crust. Petroleum reservoirs are broadly classified as ''conventional'' and '' unconventional'' reservoirs. In conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil or natural gas, are trapped by overlying rock formations with lower permeability, while in unconventional reservoirs, the rocks have high porosity and low permeability, which keeps the hydrocarbons trapped in place, therefore not requiring a cap rock. Reservoirs are found using hydrocarbon exploration methods. Oil field An oil field is an area of accumulation of liquid oil underground in multiple (potentially linked) reservoirs, trapped as it rises by impermeable rock formations. In industrial terms, an o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IAM Virtual Components
IAM may refer to: Concepts * Identity and access management, a concept that combines business processes, policies and technologies * Indo-Aryan migration, the theory that speakers of Indo-Aryan languages migrated into the Indian subcontinent during the 2nd millennium BCE Groups * Maroc Telecom (Arabic transliteration: Ittisalat Al Maghrib), the main telecommunication company in Morocco * International Association of Machinists and Aerospace Workers, a North American labor union * Institute of Advanced Motorists, a charity based in the UK with the objective of improving car-driving and motorcycle-riding standards * Institute of Asset Management, a professional body for asset managers *International Assistance Mission, an NGO working in Afghanistan since 1966 * RAF Institute of Aviation Medicine, a British Royal Air Force aviation medicine research unit between 1945 and 1994 *International Academy of Macomb, an International Baccalaureate school based in Macomb County, Michigan, U. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monte Carlo Method
Monte Carlo methods, or Monte Carlo experiments, are a broad class of computational algorithms that rely on repeated random sampling to obtain numerical results. The underlying concept is to use randomness to solve problems that might be deterministic in principle. They are often used in physical and mathematical problems and are most useful when it is difficult or impossible to use other approaches. Monte Carlo methods are mainly used in three problem classes: optimization, numerical integration, and generating draws from a probability distribution. In physics-related problems, Monte Carlo methods are useful for simulating systems with many coupled degrees of freedom, such as fluids, disordered materials, strongly coupled solids, and cellular structures (see cellular Potts model, interacting particle systems, McKean–Vlasov processes, kinetic models of gases). Other examples include modeling phenomena with significant uncertainty in inputs such as the calculation of ris ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RAVE IAM GUI
A rave (from the verb: '' to rave'') is a dance party at a warehouse, club, or other public or private venue, typically featuring performances by DJs playing electronic dance music. The style is most associated with the early 1990s dance music scene when DJs played at illegal events in musical styles dominated by electronic dance music from a wide range of sub-genres, including techno, hardcore, house, and alternative dance. Occasionally live musicians have been known to perform at raves, in addition to other types of performance artists such as go-go dancers and fire dancers. The music is amplified with a large, powerful sound reinforcement system, typically with large subwoofers to produce a deep bass sound. The music is often accompanied by laser light shows, projected coloured images, visual effects and fog machines. While some raves may be small parties held at nightclubs or private homes, some raves have grown to immense size, such as the large festivals and ev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Schlumberger
Schlumberger Limited (), doing business as SLB, is an oilfield services company. Schlumberger has four principal executive offices located in Paris, Houston, London, and The Hague. Schlumberger is the world's largest offshore drilling company. It is the biggest offshore drilling contractor (in terms of revenue) in the world. Schlumberger is incorporated in Willemstad, Curaçao as Schlumberger N.V. and trades on the New York Stock Exchange, Euronext Paris, the London Stock Exchange and SIX Swiss Exchange. Schlumberger is a Fortune Global 500 company, ranked 287 in 2016, and also listed in Forbes Global 2000, ranked 349 in 2022. History Schlumberger was founded in 1926 in Paris as the Electric Prospecting Company (french: Société de prospection électrique) by two brothers Conrad and Marcel Schlumberger from Alsace. Schlumberger supplies the petroleum industry with services such as seismic data processing, formation evaluation, well testing and directional drilling ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weatherford International
Weatherford International plc, an American Irish public limited company, together with its subsidiaries, is a multinational oilfield service company and one of the largest companies in the world in oil services. Weatherford is a wellbore and production solutions company, providing equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. Many of the company's businesses, including those of predecessor companies, have been operating for more than 50 years. Weatherford conducts operations in 75 countries and maintains service and sales locations in virtually all the major oil and natural gas producing regions globally. In October 2020, Weatherford International announced Girish K. Saligram as the president and chief executive officer. Before joining Weatherford, Girish served Exterran Corporation as Chief Operating Officer. Girish previously served as President, Global Services, after joining the company in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
